YesOption Review

by Martin Kay

YesOption was founded in 2013 and operated by Diamond Global Solutions SRL. They are registered in Romania at; Bucharest, 17 Baba Novac Street, bl. G3, 2nd entrance, Ground floor, suite 45, district 3, Romania. The number to customer support is: +40312294697. They also have an office in Lithuania, Gedimino 20, room 39, Vilnius. Despite being in business since 2013 and the new management, YesOption remains unregulated.

Is YesOption a Scam?

YesOption has not maintained a steady stream of traffic and overall traffic is relatively low for a firm that has been in business for 4 years. They are now under new management and there are not that many complaints nor comments about YesOption which could mean that traders are happy, or simply avoid to trade there, but the few comments we found were not overly positive. In conclusion, we can’t say that they are a scam but their bonus rules are not in line with what a good firm would offer and lack of regulation means it’s a gamble to trust them!

Editor’s Note – Why Doesn’t YesOption Suck in 50 Words

Update 2017: YesOption doesn’t suck because their terms and conditions (although hard to read (small print and not clearly separated in paragraphs) mentions who they are and their rules including a “conflict of interest policy”

Why Does YesOption Suck in 50 Words

YesOption is under new management (see above). They are still not regulated and the bonus terms are bad because it locks your funds after accepting a bonus.

Should I Open an Account with YesOption?

The platform is powered by SpotOptions and as an extra, you can trade Forex as well as Binary Options on the platform. Customer service was not available during the weekend so I could never ask any questions which obviously is a huge drawback. What’s the point of having “live chat” when there is no one there to talk to? That’s definitely something to improve on… On the plus side, YesOption offers higher payouts for Premium and Platinum account holders. This offer and their platform is very similar to 24Option but there is still much left to be desired before we can even consider comparing the two brokers!

YesOption offers signals and a trading robot. The signals are for 30-60 minute trading and they are sent to your email, SMS and published inside the platform daily if the market conditions are good. The robot is called AutoTrader Pro and it is advertisied as the “fastest, most accurate, cost efficient automated trading technology to date – Go auto and profit while you sleep!”

Sounds good? Well… hold on… let’s take a moment here and state the obvious, you and the broker are in a conflict of interest, something YesOption clearly admits to in their “conflict of interest policy”. Also, as a frequent reader on BinaryOptionsthatSuck.com, you surely already know that brokers are the last ones to offer you an actual working autotrader. And since this industry began, there has been no actual robot that has done anything other than blowing accounts. Therefore, the statement above from YesOption is exaggerated and misleading advertisement which we can’t approve of. Neither would the regulators – so if they were regulated they could get fines for such claims. Wrapping it up, I think it’s best to stick to strictly regulated firms with good reputation that reform according to new laws and demands from authorities.

YesOption Complaints

Most complaints I have found are about platform prices being very different from other sources and some execution delays. There were also a few complaints about withdrawal delays but they were not that serious. Update 2017: Their platform is now SpotOption and the very few complaints are mostly regarding pushy account managers who are only interested about deposits.

YesOption Regulatory Announcements and Warnings

21.08.2015 YesOption shows up on CFTC’s red list but this does not mean that they are in violation of any provision of the commission – states CFTC on their page. Source: CFTC.gov

YesOption Bonus

Currently, YesOption offers a matching bonus up to 2500$ but it can stretch all the way up to 50 000$. You need to trade 30x times the bonus volume plus the amount the bonus was received for.

Update 2017: Bonuses reach up to 75% depending on your account type (up to 50K still true). The required trading volume remains the same as mentioned above but the volume generated based on trades from the platform’s “SpotFollow” feature will NOT count in your favor. Moreover, you cannot withdraw your own deposit until the required turnover has been met and any withdrawal request will be automatically canceled.

YesOption Withdrawals

Before making your first withdrawal, your account has to be verified. Required documents are; utility bill, picture of ID and C.C. Credit card withdrawals are free of charge and you can withdraw via wire and Skrill.

YesOption Ratings

User Friendliness 12/20

You can get some help in the academy and on the main page but there are no guides directly in the trading area. The site is available in two languages, English and German. The T&C was really hard to read – not user-friendly at all due to small print and no separation in clear paragraphs and points.

No. of Assets and Expiry time14/20

There are a total of 125 assets. 34 currency pairs, 25 indices, 56 Stocks and 10 Commodities which is a fair amount of assets. Expiry times are just like other Techfinancials platforms. There is short term, 60 second, 90 second and 5 minutes. For higher timeframes you can choose anywhere from 5 minutes and add an additional 5 minutes for a longer expiry. Update 2017: They have switched to SpotOption which allows 60 second trading and long term but also Forex and CFD trading, one touch, ladder, pairs and limits.

Commissions, Support and Effective Return 14/20

The live chat support was not available during the holidays. Returns can be as high as 89% for VIP members which is relatively high. The dormant account fee is okay because it takes 12 months of inactivity from the trader in order to be considered dormant.

Deposit, Payment and Bonus 12/20

There are quite many ways you can transfer funds; MoneyGram, MasterCard, Visa, Neteller, Ukash, t thawte, Western Union, WebMoney, QQiwi, Cash U and wire transfer. Bonuses range from 25% up to 75% but max 50K. Your money will be locked after accepting the bonus and all withdrawal attempts will be cancelled until the required volume of 30x the (deposit+bonus) is reached. Notice that the T&C states that any trading volume generated by using the SpotFollow feature will not count towards clearing the bonus.

Website Extra’s 14/20

Not Much.

YesOption Overall Ratings = 66/100

Notice!: This broker is rated below average among our members and staff. Start your trading career with a Top Rated Broker Now!.

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24 Responses to “YesOption”

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richard

07/06/2018 12:23

I have also been done by yesoption now called yes traders these wankers made $8800 but every time asked to withdrawer money no reply has anyone got there money back

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Peter Jones

02/27/2018 14:09

Update to my previous post – I have since found out that this company Yes Trading (formerly Yes Option) are not even linked to the market!! They have a sophisticated program that simulates trades, in the early stages when you are new they will gain your trust by showing you positive growth on your trades, then when you make a withdrawal, if they don’t think you are likely to deposit any more funds, they will coach you to trade your entire balance to zero.

So again I warn anyone thinking about trading with Yes Trading, however convincing they may appear, you will never get all you money back!

You have been warned, they are high quality SCAMMERS

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Stein

02/24/2018 10:50

We were told by this company, to invest a lot money to have a safer account. The next day we understood that the company not was to be trusted. We asked to send our money back. But they refused. And the told that all money had to be trade with, if we should get the money back. The money were lost. Tjey tol us then to trensfer another 2000 usd, and they promised that allmoney would be transfered back again. Who can trust something like that. We went to the police and Visa. Nothing could be done.Two weeks later, the money vas transferd back, without any explenation

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Peter Jones

02/08/2018 11:05

This company may not be an outright scam but they are certainly not interested in making you money, only taking your money. I invested $3,000 and with the help of a broker gained another $2,000. However when I put in a withdrawal request for $2,000 I was told I needed to trade some more to get money back. I was then coached by broker to make numerous trades with the eventual effect of losing $5,000.

I know others have lost much more but we all hate to be taken for fools and lose anything, so stay away from this company you can be sure they will suck you in with promises and you will end up losing money in the end

Be Warned!!

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Rae Jenkins

12/29/2017 19:35

So glad I didn’t invest in them. A man there talked to me for an hour trying to get me to invest even though I told him I had no money to invest. Next day he rang me with a special deal. If I invested $200US they would match it to get me started. Very pushy, kept coming up with arguments a to why I should take this opportunity even though I kept insisting I had no money to invest. Finally wanted to prove something to me by getting me to give him my visa card details which i did. He then asked me for my other card details. I told him I only had one card and he called me a lie we. Now prior to this man ringing me I had invested in a different company, Ashford Investments, don’t go there. Scam. And because of them I had my visa card details changed and requested bank to get my money back. How did this Y Options guy know that? How did he know I had different card details? Very suspicious. Very aggressive.I urge you to avoid them at all costs

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john white

11/30/2017 17:07

have lodged a very substantial amount and when i try to get money they want me to lodge more funds to repay. have i any chance of getting money back without being scammed again jw

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Sue Beever

11/28/2017 05:39

I have had the same experience as most of the people here I am still bewildered by their constant refusal to allow any withdrawals. There is no point in any of it if you can’t get your own money. I really have had to conclude they are just thieves plain and simple. I find the situation very frustrating. And constant changing of rules impossible to follow. Can’t decide if I’m unlucky or if other people do get their money out. I am now overdrawn and desperate.

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kamalesan

08/31/2017 13:53

hi my dear brothers /sisters…please don’t trade in yesoption…. i lose 5000 USD then they said….for recover all this asking me to deposit another 2000 usd i did… for deposit they will call 10 times…. Mr.Paul williams was my account manager… he reach upto 40000 USD…. then he given 5 trade lose everything within 1 hour… he telling big story…anyway i lose everything… then he stoped to call me….my personal advice for all don’t chose yesoption…. i request withdraw when i reached 1000 uds my self they never accept my request…THIS YESOPTION IS DEMO ACCOUNT ONLY…IF WE ARE DEPOSITING MONEY THEY WILL RECEIVE THERE NO WITHDRAWAL….

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Monika

07/18/2017 09:32

All positive reviews here on Yesoption is fake. You never take any withdrawal. I reached 700% times of my investment. No withdrawal is approved yet. With out notice they will cancel your withdrawal and they will ask you to invest more. I stopped trading with them.

My suggestion to existing customers is just raise a request for withdrawal. You will experience yourself. For new traders Very Big NO from me.

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Ait. T

06/06/2017 09:40

Reason why I try this opportunity it because we need extra money for my own needs but it a broken heart it is really hurt and sad.After I deposit my money to the Yes Option company I never heard any word or any call from them I try to email to the guy name Brad he never reply I dont know who am I going to call or email and ask for help from this companyAit. T

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Barrie Wheatley

05/28/2017 16:47

As a 77 year old pensioner with a mass of current problems including my wife’s 2 cancer operations, I was in no condition to trade and therefore requested my $250 deposit back.My request was rejected so my advice is to steer clear of this vulture orientated company.

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Pavan

05/02/2017 17:43

Hi Eyeryone,

I have been working with yesoption from last 3 months and all they have made me do is invest and invest. When ever I request for ap yout it is declined and I have no idea why it is declined. I never get an update from the support email, they dont bother to respond to emails.I definately do not recommend yesoption to anyone. Please be careful, I dont want anyone to go through the pain I’m going through.

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Kenneth Rimmenhorn

02/21/2017 11:20

Lost 12850 US +all the bonus of 10000. Now the try getting me to put in more money for 3 Times. First time 3000 US, second time 3500 and it was to activate an insurance so i could get my money back. The third time today. But Now the say that i have to deposition 5000 US and They promise me to get my money back If I trade more. Don trade with them

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Joost

12/28/2016 22:18

I was a trader by Yes optionThere broker James Quinn pusht me to do a trade for 1000 usd but i didn’t. I asked for a withdrawl but the dont Let me go. The are keep calling me every day and trying me to trade more. I won’t do it and keep on trying to get my money back.

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Benjamin

10/05/2016 07:35

They are very good at promising you profits….do some winning trades then bam…you loose everything. What I found strange is how they fail to call you once they have received your deposit. I had to threaten them to get a call back. And when I told them I am no longer interested in trading, they convinced me to “trade and be smart to leave with profit”. They are forceful and they are rude. After the loss….no phone calls anymore.

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Dave

08/29/2016 00:57

I find they push you hard to deposit more funds when you have a reasonable account they will push you into their SPOT FOLLOW system which I did didn’t get any instruction how to turn it off skyped the my manager a few times finally after a few days he showed me how by this time 90% of my funds gone I then traded by myself and over a couple of months built my account up to $2350 then the manager came back said would help recoup first night built up to $5000 second night lost it all left with $0.16 with 1 trade which looked to be also going the wrong way he signed off in the last half minute it turned around now have $1500 left. was trapped into their bonus system and need to turnover $200,000 before I can attempt a withdraw lesson dont take their bonuses and dont let them help you recoup and stay away from their spotfollow system they will break you very quickly their aim it seems is to take your money but to make sure they keep it

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Michael Webber

06/10/2016 14:27

Probably one of the best services that I saw in Binary option platforms. Withdraw takes 48 hours and I have amazing coach. I started with $500, profits are slow but as long as I make some extra cash, I’m happy. Definitely recommend them!

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James

01/25/2017 22:52

Please help.Apart from withdrawing your initial capital, have you been able to withdraw any more?I’ve built my account from my $250 deposit to double but scared they might not honour withdrawals. Any advice will help. Thanks.

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Peter Hawkswell

05/25/2016 11:35

Thank you Robbie, so sorry to hear your story , because I nearly became a victim this very morning and even £500 would have been devastating for me as a 73 year old pensioner.You story has helped so much .i hope you are able to recoup your losses which must be dreadfulBest wishes Peter

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Robbie Campbell

04/19/2016 23:16

As someone recently retired, a big fat NO from me:It happens that I have just fallen fowl to YesOption and lost £15k in 3 weeks which they guided me to invest as part of a 2-week”training” period. This was in spite of me insisting that I was only wanting to profit by up to £50/day to supplement my pension. All this happened although I sighted our UK laws of Duty of Care under English Tort Law as well as Consumer Protection (distance Selling) regulations 2000, additional regulations December 2013 + Consumer Contracts (Information, Cancellation and Additional Charges). These provisions allow 14 days to withdraw from any agreement I may have made with them. They currently refuse to reimburse me any monies left within my account.The matter has just been reported to Action Fraud who believes there has been a criminal element to the incident. I am quite eager to share my experiences in the hope that others will not suffer as I am right now.

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Ole

08/21/2016 11:43

Robbie, i am sorry to hear of your loss. I am currently with YES option, and i have a pending withdrawal.I had a big discuss with my analyst/account manager about my withdrawal…he wanted me to invest more money, so i could get more profit, and i said no ! So, now i am waiting for monday, and i bet that i will have to discuss even more with him.A classic exampel…Invested 250E, and with help i won 60E, was asked to invest a little more, so 250E more, and i wonn 160E more. Then i could not get in touch with them for a week…suddenly i had a new Analyst, cause the “old” one was promoted. Okay, he showed me a little winn and a little loss, untill last friday, he asked me 4 times to make a deal, and i lost all…had 11 euro back. He said that it was because i didnt invest enough to make a “money management” system. But if i invested 1500E now, he would give me a VIP trade, and he promissed me, that we could transfer the 1500E back after deal, and he said NO PROBLEM. I did, unwillingly, but what to do ? I dont think that i were supposed to winn this deal, but in the last second, it went from red to green, and i wonn. After i wonn, i suddenly had my old analyst in the phone, congratulating me, and asking me to invest more money ????I said no, i want to se the money back on my bankaccount before i invest more, and by the way, i dont have more money…..So…still waiting for my money back. I am afraid to deal with these guys, i dont feel comfitable, i feel like i every second am in their hands, and they can make you or break you in a deal or two. I will not say that it is a scam, but, if you want money out of them, dont take the bonus, but only deal with your investment, and learn a little about the money management system, and learn to ust the BollingerBands.Good trades, Ole

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Ole

08/26/2016 10:08

So…news to my own comment….I have recieved my payout as requested, so i am happy now !I might deal a little more if the analyst dont press me so hard to invest more money…i think i told them a 100 times, that i lost a lot of money at Titan and UBO, and i have no more “moneytrees” in my garden, but i have more than 500 Euro left in my YES account to deal with, so i hope that my analyst will make me a little profit with that.Good trades, Ole

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Bo Svensson

05/26/2017 06:30

WARNING! My overall conclusion is simple, based on sad and expensive experiences: Do not deposit one EUR in this company! Bonus is like poisened candy. Their traders are incompetent and their signals useless. After having lost about 15000 EUR I have recently deposited 10100 EUR because I was promised to make a withdrawal in order to restore some of my losses. 3 times I have been persuaded to deposit: 33000 + 2800 and recently 4000. I did it everytime because I got a special offer that I could make a withdrawal. But every time they come up with different fake arguments for not given me permission to withdraw my money.. Their fake arguments was that I had to trade in order to reach a certain turnover. Despite I had a clear agreement that my deposits were NOT for trading. Then they forced me to trade in order to get my money. And subsequently I lost my money.

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A

01/10/2018 13:02

YES THEY SUCK!! They constantly harass you with endless phonecalls and it’s a freaking nightmare!! I can’t even be allowed to delete my account so they won’t disturb me anymore. I have told them several times to LEAVE ME ALONE!!! They STILL call me!!!! THey’re nothing but a stupid scam company and unless you’re happy with tons of phonecalls from England, well be my guest and sign up with this stupid Binary Option!! People should be warned against them!!!!

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